Finance·7,623 stories
Finance News — Page 219
Nasdaq Drops 2% as Chip Stocks Lead Global Selloff
US chip stocks triggered a global tech selloff, pushing the Nasdaq down more than 2% and dragging the S&P 500, with Nvidia, Micron, and AMD among the hardest-hit names and Asia's overnight AI rout cit
Yass: $39T Debt Should Be Measured Against Net Wealth
Billionaire trader Jeff Yass argued on the Generating Alpha podcast that $39.1 trillion in federal debt should be measured against America's net wealth rather than GDP, saying productive growth makes
Asian Shares Drop on Iran War Jitters, Oil, Rates
Asian markets declined amid uncertainty over the war in Iran and cooling investor sentiment after recent gains, as oil prices and Treasury yields reacted to prospects of a diplomatic breakthrough.
Bitcoin falls under $63,000 as a tech selloff drags risk assets lower
Bitcoin fell below $63,000 as a broad rotation out of AI and chip stocks dragged crypto and global equities lower, with Micron's Wednesday earnings now positioned as the next major test for risk senti
Asia Stocks, Oil Slide as Hawkish Fed Bets Spike
Asian markets and oil tumbled on Tuesday as traders priced in a more aggressive Fed rate-hike path under new Chair Kevin Warsh while digesting US moves on Iran sanctions and diplomatic progress in Str
Oil Rises on U.S.-Iran Optimism Despite Iran License
Oil prices edged higher Tuesday as investors grew optimistic about an end to the U.S.-Iran conflict, recovering after the Treasury issued a 60-day license authorizing Iranian crude imports to the Unit
U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC
The U.S. Senate passed the 21st Century ROAD to Housing Act 85-5 on Monday night, including a four-year ban on the Federal Reserve issuing a central bank digital currency through the end of 2030, desp
Bitcoin Funding Rate Hits 2-Week High; $70K Breakout
Bitcoin's perpetual futures funding rate climbed to a two-week high of 7%, reflecting bullish leveraged positioning, but persistent spot ETF outflows, elevated put demand, and a broad flight to cash a
S&P 500, Nasdaq Fall on Alphabet, Megacap Tech; Iran
The S&P 500 and Nasdaq closed lower as megacap tech stocks, led by Alphabet, pulled the indexes down, with investor focus turning to Iran.
SpaceX Stock Drops 23% From Post-IPO Peak
SpaceX shares have plunged 23% from their post-IPO peak just 10 days after the largest IPO in history, as a planned $20 billion bond sale spooked investors already wary of the cash demands of SpaceX's
Nvidia's stock struggles as Kalshi traders bet chip prices are coming down
Nvidia shares are sliding as Kalshi traders bet the company's B200 chip rental prices won't recover from a recent drop, with compute costs falling from $6.11 per hour on May 30 to $4.22 by June 21.
Stock Market Today: Dow edges up, S&P 500 and Nasdaq fall as U.S. oil prices fall after Treasury allows Iran oil sales for 60 days - MarketWatch
U.S. stocks traded mixed near record highs as the Dow edged up while the S&P 500 and Nasdaq fell, dragged by Alphabet and megacap tech, with oil prices dropping after the Treasury permitted a 60-day w
Bitcoin's $63K Weekly Close, RSI Divergence Hint at
Bitcoin's repeated weekly closes above $63,000, combined with a bullish RSI divergence that mirrors the late 2022/early 2023 setup, suggest a potential market bottom as derivatives leverage and ETF ou
AbbVie to Buy Apogee Therapeutics for $10.9B
AbbVie has agreed to acquire immunology drugmaker Apogee Therapeutics for $10.9 billion, with the target's lead prospect targeting eczema and coverage framing the deal as a strategic offensive.
Anchorage Launches Tokenized Deposit Platform for Banks
Anchorage Digital is rolling out infrastructure that lets banks issue tokenized deposits and offer 24/7 blockchain-based settlement without replacing their core systems, entering a growing race agains
Fomo raises $75M at $550M valuation
Social crypto trading platform Fomo has raised $75 million at a $550 million valuation, banking on a copy-trading model that lets users mirror peers' moves across blockchains without bridging assets.
OKX, ICE Launch TradFi-Crypto Venture Led by Cuomo
Former New York Gov. Andrew Cuomo will lead a new joint venture between crypto exchange OKX and Intercontinental Exchange, owner of the NYSE, to build regulated infrastructure linking traditional and
Micron Q3 Earnings Seen Rising 987% on AI Boom
Micron's upcoming Q3 earnings are projected to surge 987% as the AI-driven memory trade boom accelerates, with multiple outlets flagging the report as a potential market-moving catalyst.
Polymarket Paid Creators for Fake $1.9M in Bets: WSJ
A WSJ investigation found Polymarket paid creators to film roughly $1.9 million in fake bets and fabricated wins on dummy copies of its platform, targeting U.S. users the main site geoblocks.
Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance cap
The Bank of England has abandoned proposed individual and corporate stablecoin holding limits, replacing them with a £40 billion aggregate issuance cap after industry and parliamentary pressure argued
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.